$QRVO
Qorvo Inc Stock $qrvo

$qrvo Overview Financials Valuation SEC Filings Company Website

2017 Q3 Form 10-Q Financial Statement

#000160477817000047 Filed on August 03, 2017

Income Statement

Concept	2017 Q3	2016 Q3	2016 Q2
Revenue	$821.6M	$698.5M	$608.1M
YoY Change	17.61%		-9.73%
Cost Of Revenue	$500.6M	$422.1M	$353.9M
YoY Change	18.6%		-10.21%
Gross Profit	$321.0M	$276.5M	$254.2M
YoY Change	16.11%		-9.06%
Gross Profit Margin	39.07%	39.58%	41.8%
Selling, General & Admin	$138.9M	$143.6M	$127.1M
YoY Change	-3.29%		-12.78%
% of Gross Profit	43.26%	51.94%	50.0%
Research & Development	$111.4M	$117.1M	$107.3M
YoY Change	-4.9%		-8.45%
% of Gross Profit	34.7%	42.37%	42.21%
Depreciation & Amortization	$42.83M	$46.35M	$158.1M
YoY Change	-7.6%		269.93%
% of Gross Profit	13.34%	16.77%	62.2%
Operating Expenses	$271.5M	$270.7M	$245.7M
YoY Change	0.27%		-12.52%
Operating Profit	$49.56M	$5.741M	$8.500M
YoY Change	763.33%		-736.7%
Interest Expense	$14.78M	$15.19M	$13.90M
YoY Change	-2.69%		2436.5%
% of Operating Profit	29.82%	264.54%	163.53%
Other Income/Expense, Net	-$192.0K	-$500.0K	$2.600M
YoY Change	-61.6%		-36.88%
Pretax Income	$35.65M	-$9.668M	-$2.700M
YoY Change	-468.76%		-202.74%
Income Tax	-$267.0K	-$3.993M	$21.50M
% Of Pretax Income	-0.75%
Net Earnings	$35.92M	-$5.675M	-$24.20M
YoY Change	-732.93%		-1288.7%
Net Earnings / Revenue	4.37%	-0.81%	-3.98%
Basic Earnings Per Share	$0.28	-$0.04	-$0.18
Diluted Earnings Per Share	$0.27	-$0.04	-$0.18
COMMON SHARES
Basic Shares Outstanding	127.3M shares	127.5M shares	127.5M shares
Diluted Shares Outstanding	130.8M shares	127.5M shares

Balance Sheet

Concept	2017 Q3	2016 Q3	2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$512.6M	$446.9M	$612.7M
YoY Change	14.7%		9.72%
Cash & Equivalents	$574.9M	$433.0M	$425.9M
Short-Term Investments		$13.90M	$186.8M
Other Short-Term Assets	$28.71M	$43.86M	$41.38M
YoY Change	-34.54%		66.02%
Inventory	$461.0M	$455.8M	$427.6M
Prepaid Expenses	$33.38M	$68.33M	$63.85M
Receivables	$459.8M	$400.7M	$316.4M
Other Receivables	$41.80M	$69.90M	$47.30M
Total Short-Term Assets	$1.608B	$1.485B	$1.509B
YoY Change	8.27%		-4.48%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.443B	$1.161B	$1.047B
YoY Change	24.33%		11.36%
Goodwill	$2.174B	$2.175B	$2.136B
YoY Change	-0.03%		-0.05%
Intangibles
YoY Change
Long-Term Investments	$36.20M	$26.00M	$26.10M
YoY Change	39.23%		493.18%
Other Assets	$56.47M	$65.04M	$66.46M
YoY Change	-13.17%		2.83%
Total Long-Term Assets	$4.870B	$5.203B	$5.088B
YoY Change	-6.39%		-4.55%
TOTAL ASSETS
Total Short-Term Assets	$1.608B	$1.485B	$1.509B
Total Long-Term Assets	$4.870B	$5.203B	$5.088B
Total Assets	$6.478B	$6.688B	$6.597B
YoY Change	-3.14%		-4.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$212.8M	$263.5M	$205.4M
YoY Change	-19.25%		-0.34%
Accrued Expenses	$184.2M	$142.5M	$137.9M
YoY Change	29.24%		7.24%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$423.0M	$420.3M	$373.8M
YoY Change	0.63%		11.42%
LONG-TERM LIABILITIES
Long-Term Debt	$989.4M	$988.4M	$988.1M
YoY Change	0.1%
Other Long-Term Liabilities	$86.64M	$82.06M	$83.06M
YoY Change	5.58%		-3.97%
Total Long-Term Liabilities	$86.64M	$82.06M	$1.071B
YoY Change	5.58%		1138.52%
TOTAL LIABILITIES
Total Short-Term Liabilities	$423.0M	$420.3M	$373.8M
Total Long-Term Liabilities	$86.64M	$82.06M	$1.071B
Total Liabilities	$1.574B	$1.654B	$1.597B
YoY Change	-4.89%		118.29%
SHAREHOLDERS EQUITY
Retained Earnings	-$413.2M	-$445.5M	-$439.8M
YoY Change	-7.25%		7.55%
Common Stock	$5.322B	$5.483B	$5.443B
YoY Change	-2.94%		-17.39%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$4.905B	$5.034B	$5.000B
YoY Change
Total Liabilities & Shareholders Equity	$6.478B	$6.688B	$6.597B
YoY Change	-3.14%		-4.53%

Cashflow Statement

Concept	2017 Q3	2016 Q3	2016 Q2
OPERATING ACTIVITIES
Net Income	$35.92M	-$5.675M	-$24.20M
YoY Change	-732.93%		-1288.7%
Depreciation, Depletion And Amortization	$42.83M	$46.35M	$158.1M
YoY Change	-7.6%		269.93%
Cash From Operating Activities	$103.6M	$59.39M	$159.7M
YoY Change	74.5%		12.92%
INVESTING ACTIVITIES
Capital Expenditures	$124.4M	$130.4M	-$84.40M
YoY Change	-4.61%		-194.41%
Acquisitions	$0.00	$117.5M
YoY Change	-100.0%
Other Investing Activities	-$7.036M	-$17.00K	-$11.80M
YoY Change	41288.24%		-182.52%
Cash From Investing Activities	-$117.4M	-$75.00M	-$96.30M
YoY Change	56.52%		28.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$31.93M	$0.00
YoY Change
Debt Paid & Issued, Net	$0.00	$0.00
YoY Change
Cash From Financing Activities	-$19.80M	$23.15M	-489.6M
YoY Change	-185.53%		1109.7%
NET CHANGE
Cash From Operating Activities	$103.6M	$59.39M	159.7M
Cash From Investing Activities	-$117.4M	-$75.00M	-96.30M
Cash From Financing Activities	-$19.80M	$23.15M	-489.6M
Net Change In Cash	-$32.81M	$7.542M	-426.2M
YoY Change	-535.02%		-1750.53%
FREE CASH FLOW
Cash From Operating Activities	$103.6M	$59.39M	$159.7M
Capital Expenditures	$124.4M	$130.4M	-$84.40M
Free Cash Flow	-$20.79M	-$71.05M	$244.1M
YoY Change	-70.74%		369.09%

Facts In Submission

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CY2016Q3	us-gaap	Operating Expenses OperatingExpenses	270734000	USD
CY2017Q3	us-gaap	Operating Expenses OperatingExpenses	264206000	USD
CY2016Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	5741000	USD
CY2017Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-27829000	USD
CY2017Q2	us-gaap	Other Assets Current OtherAssetsCurrent	26264000	USD
CY2017Q3	us-gaap	Other Assets Current OtherAssetsCurrent	31808000	USD
CY2017Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	58815000	USD
CY2017Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	59362000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax	-1111000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax	616000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-1008000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	719000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax	-31000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax	-42000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	72000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	61000	USD
CY2017Q2	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	31998000	USD
CY2017Q3	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	16046000	USD
CY2017Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	86108000	USD
CY2017Q3	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	89398000	USD
CY2016Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-500000	USD
CY2017Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-934000	USD
CY2016Q3	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-10002000	USD
CY2017Q3	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-8276000	USD
CY2017Q2	us-gaap	Other Receivables OtherReceivables	65247000	USD
CY2017Q3	us-gaap	Other Receivables OtherReceivables	41742000	USD
CY2016Q3	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-17000	USD
CY2017Q3	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-7036000	USD
CY2016Q3	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	0	USD
CY2017Q3	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	31925000	USD
CY2016Q3	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	0	USD
CY2016Q3	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	2810000	USD
CY2017Q3	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	8404000	USD
CY2016Q3	us-gaap	Payments To Acquire Available For Sale Securities PaymentsToAcquireAvailableForSaleSecurities	0	USD
CY2017Q3	us-gaap	Payments To Acquire Available For Sale Securities PaymentsToAcquireAvailableForSaleSecurities	0	USD
CY2016Q3	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	117498000	USD
CY2017Q3	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	USD
CY2016Q3	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	130440000	USD
CY2017Q3	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	124428000	USD
CY2017Q2	us-gaap	Preferred Stock No Par Value PreferredStockNoParValue	0.0001
CY2017Q3	us-gaap	Preferred Stock No Par Value PreferredStockNoParValue	0.0001
CY2017Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	5000000	shares
CY2017Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	5000000	shares
CY2017Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2017Q3	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2017Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2017Q3	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2017Q2	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2017Q3	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2017Q2	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	36229000	USD
CY2017Q3	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	36444000	USD
CY2016Q3	us-gaap	Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions	25962000	USD
CY2017Q3	us-gaap	Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions	20526000	USD
CY2016Q3	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	2000	USD
CY2017Q3	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-23000	USD
CY2016Q3	us-gaap	Proceeds From Repayments Of Debt ProceedsFromRepaymentsOfDebt	0	USD
CY2016Q3	us-gaap	Proceeds From Sale And Maturity Of Available For Sale Securities ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities	172920000	USD
CY2017Q3	us-gaap	Proceeds From Sale And Maturity Of Available For Sale Securities ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities	0	USD
CY2017Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1391932000	USD
CY2017Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1440105000	USD
CY2016Q3	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	0	USD
CY2016Q3	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	117137000	USD
CY2017Q3	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	116499000	USD
CY2017Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-456366000	USD
CY2017Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-449105000	USD
CY2016Q3	us-gaap	Sales Revenue Net SalesRevenueNet	698537000	USD
CY2017Q3	us-gaap	Sales Revenue Net SalesRevenueNet	640831000	USD
CY2016Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	143595000	USD
CY2017Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	139431000	USD
CY2016Q3	us-gaap	Share Based Compensation ShareBasedCompensation	30594000	USD
CY2017Q3	us-gaap	Share Based Compensation ShareBasedCompensation	21126000	USD
CY2017Q3	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	400000	shares
CY2017Q3	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	31900000	USD
CY2017Q2	us-gaap	Stockholders Equity StockholdersEquity	4896722000	USD
CY2017Q3	us-gaap	Stockholders Equity StockholdersEquity	4912681000	USD
CY2017Q2	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	90600000	USD
CY2017Q3	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	94300000	USD
CY2017Q3	us-gaap	Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions	3700000	USD
CY2016Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	127541000	shares
CY2017Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	126961000	shares
CY2016Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	127541000	shares
CY2017Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	126961000	shares

Files In Submission

Name	View Source	Status
0001604778-17-000047-index-headers.html	Edgar Link	pending
0001604778-17-000047-index.html	Edgar Link	pending
0001604778-17-000047.txt	Edgar Link	pending
0001604778-17-000047-xbrl.zip	Edgar Link	pending
exhibit31120170701.htm	Edgar Link	pending
exhibit31220170701.htm	Edgar Link	pending
exhibit32120170701.htm	Edgar Link	pending
exhibit32220170701.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
qorvo20170701-10q.htm	Edgar Link	pending
qorvoform8kimagefinala04.jpg	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
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R2.htm	Edgar Link	pending
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R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
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R3.htm	Edgar Link	pending
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R36.htm	Edgar Link	pending
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R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R42.htm	Edgar Link	pending
R43.htm	Edgar Link	pending
R44.htm	Edgar Link	pending
R45.htm	Edgar Link	pending
R46.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
rfmd-20170701.xml	Edgar Link	completed
rfmd-20170701.xsd	Edgar Link	pending
rfmd-20170701_cal.xml	Edgar Link	unprocessable
rfmd-20170701_def.xml	Edgar Link	unprocessable
rfmd-20170701_lab.xml	Edgar Link	unprocessable
rfmd-20170701_pre.xml	Edgar Link	unprocessable
Show.js	Edgar Link	pending

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2017 Q3 Form 10-Q Financial Statement

#000160477817000047 Filed on August 03, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$QRVO Qorvo Inc Stock $qrvo

2017 Q3 Form 10-Q Financial Statement

#000160477817000047 Filed on August 03, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$QRVO
Qorvo Inc Stock $qrvo